Tamilnadu Petroproducts Balance Sheet Health
Financial Health criteria checks 6/6
Tamilnadu Petroproducts has a total shareholder equity of ₹8.4B and total debt of ₹277.8M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ₹10.8B and ₹2.4B respectively. Tamilnadu Petroproducts's EBIT is ₹541.5M making its interest coverage ratio -4. It has cash and short-term investments of ₹4.0B.
Key information
3.3%
Debt to equity ratio
₹277.80m
Debt
Interest coverage ratio | -4x |
Cash | ₹4.05b |
Equity | ₹8.42b |
Total liabilities | ₹2.38b |
Total assets | ₹10.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500777's short term assets (₹6.9B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: 500777's short term assets (₹6.9B) exceed its long term liabilities (₹832.0M).
Debt to Equity History and Analysis
Debt Level: 500777 has more cash than its total debt.
Reducing Debt: 500777's debt to equity ratio has reduced from 9.5% to 3.3% over the past 5 years.
Debt Coverage: 500777's debt is well covered by operating cash flow (387.4%).
Interest Coverage: 500777 earns more interest than it pays, so coverage of interest payments is not a concern.